Maruti Suzuki India Reports Mixed Q4 Performance
India's largest car manufacturer, Maruti Suzuki India, announced its financial results for the fourth quarter ended March 31, 2026, revealing a mixed performance. The company's net profit saw a decline of 6.45% year-on-year, settling at ₹3,659 crore, compared to ₹3,911.10 crore in the same period last year.
Despite the dip in profit, Maruti Suzuki experienced a substantial 28.21% increase in revenue, which soared to ₹52,462.50 crore for the quarter, up from ₹40,920 crore a year ago. This record revenue figure highlights strong sales and operational activity during the period.
Share Market Reacts to Earnings Report
Following the announcement, shares of Maruti Suzuki India saw a decline, falling over 2% to ₹12,953 on the BSE during afternoon trading on Tuesday. The company's market capitalization concurrently slipped to ₹4.07 lakh crore, reflecting investor reaction to the profit contraction.
Highest-Ever Dividend Declared
In a move that signals confidence in future performance and rewards shareholders, Maruti Suzuki's board recommended its highest-ever dividend of ₹140 per share. This is an increase from the ₹135 per share paid in the previous fiscal year (FY2024-25). The dividend, if approved at the upcoming Annual General Meeting, will be paid to eligible members whose names appear in the register by the record date of Friday, August 7, 2026. The payment date for the dividend is set for September 9, 2026.
EBITDA Growth and Margin Analysis
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) climbed by 27.13% to ₹6,158.30 crore in Q4, compared to ₹4,844 crore in the year-ago period. However, the EBITDA margin slightly contracted to 11.74% from 11.84% year-on-year, indicating a marginal squeeze in operational profitability despite overall growth in earnings.